Jim Cramer - Mad Money
Skillz
SKLZ-N
SELL
May 11, 2022
He once had high hopes for it. They've lost 85% of value since November as business has dried up. They're bleeding money. They host casual e-sports contests. You wager on people playing videogames from home--a total pandemic play.
SPACs to buy They help videogame developers turn mobile games into open e-sports competitions. He was wary of the hype in this at first, but it got a big endorsement from investor Cathy Wood. They also have a mobile game deal with the NFL that further bumped up the stock. Buy below $30.
It supports on-line gaming. It is probably an interesting area, but you had people gaming during the pandemic and it probably isn’t as interesting as it was. It is very specialized.